Time Warner Inc. agreed to sell its Atlanta television station to Meredith Corp. for $70 million, removing a significant factor that could have prompted the Federal Communications Commission to review Time Warner’s $85 billion sale to AT&T Inc.

The FCC’s new chairman, Ajit Pai, hasn't yet said whether he plans to have the agency review AT&T’s acquisition and declined to comment on what impact the Atlanta station sale might have on any possible FCC review.